According to the latest release of the State of the Industry: U.S. Classes 3-8 Used Trucks, published by ACT Research, September’s weak performance all but wiped out the gains that had been made in the used truck market the prior three months.
“Class 8 unit sales declined 17% month-over-month and remained well below pace for other time period comparisons,” said Steve Tam, Vice President-Commercial Vehicle Sector with ACT. “Pricing took its first negative year-over-year hit in two and one-half years in September. However, the retail market saw a decline of only 1%. That flat performance gives hope that September’s results are not the beginning of a trend.”
The report from ACT provides data on the average used price for the top-selling Class 8 model for each of the major truck OEM’s – Freightliner (Daimler); Kenworth and Peterbilt (Paccar); International (Navistar); and Volvo and Mack (Volvo).